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Global Head, Operational Risk

Tower Research
Manhattan, New York, United States
Closing date
Feb 15, 2024

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Job Role
Risk Manager
Contract Type
Full Time
Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a Global Head of Operational Risk, with a strong background in operational risk and algorithmic trading to join the global Risk and Trading Supervision team.


* Develop and implement comprehensive operational risk management policies and procedures
* Maintain Incident Management Process to identify root causes, impact and corrective measures
* Conduct regular risk assessments to identify potential operational risks, including system failures, market volatility, compliance breaches and other relevant factors
* Collaborate with Core Engineering to ensure resilience of the trading infrastructure, including identifying vulnerabilities and suggesting improvements
* Manage and respond to operational incidents, including the development and implementation of incident response plans
* Provide regular risk reports to senior management, highlight current risks and suggest mitigative strategies
* Assist the regional Head of Risk in overseeing and managing risk for the regional trading activities
* Control both electronic trading risk and market risk of strategies in real-time


* A bachelor's degree in sciences, with quantitative master's highly regarded
* At least 5 to 10 years of experience in an operational trading risk role gained with a quantitative proprietary trading group, systematic hedge fund manager, or sell-side electronic trading group
* Solid experience with algorithmic trading and low latency electronic risk controls
* Desire to continuously learn and proactively challenge the status quo to improve existing processes
* Solid track record of working with senior management, compliance, business management and technology teams
* Solid Python and database proficiency, C++ and similar languages advantageous
* Strong problem-solving skills and attention to detail
* Excellent written and verbal communication skills

Anticipated annual base salary range is $180,00-$220,000 plus eligible for discretionary bonus.


Tower's dual offices and garden roof decks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower's cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

* Competitive salary and performance-based bonuses
* 401(k) with company matching
* 5 weeks of paid vacation per year plus 9 paid holidays
* Free breakfast, lunch, and snacks on a daily basis
* Reimbursement for health and wellness expenses
* Free events and workshops
* Donation matching program

Tower Research Capital is an equal opportunity employer.

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